Orion Portfolio Solutions LLC Sells 4,178 Shares of Element Solutions Inc (NYSE:ESI)

Orion Portfolio Solutions LLC reduced its position in Element Solutions Inc (NYSE:ESI) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,897 shares of the company’s stock after selling 4,178 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Element Solutions were worth $1,930,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. TD Private Client Wealth LLC purchased a new stake in shares of Element Solutions in the fourth quarter worth approximately $27,000. First Horizon Advisors Inc. grew its position in Element Solutions by 610.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,130 shares of the company’s stock valued at $29,000 after acquiring an additional 971 shares during the last quarter. Trust Co. of Vermont purchased a new stake in Element Solutions in the fourth quarter worth $43,000. Parkside Financial Bank & Trust bought a new stake in shares of Element Solutions during the fourth quarter worth $48,000. Finally, UMB Bank n.a. boosted its stake in shares of Element Solutions by 98.8% during the fourth quarter. UMB Bank n.a. now owns 1,910 shares of the company’s stock valued at $49,000 after purchasing an additional 949 shares during the period. Institutional investors own 92.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Truist Financial initiated coverage on shares of Element Solutions in a research report on Tuesday, January 28th. They issued a “hold” rating and a $28.00 price objective for the company. BMO Capital Markets increased their price objective on Element Solutions from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Bank of America reaffirmed a “neutral” rating and set a $28.00 target price (down from $32.00) on shares of Element Solutions in a research report on Tuesday, January 14th. Barclays dropped their price target on Element Solutions from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Finally, StockNews.com downgraded Element Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.14.

Element Solutions Stock Performance

Shares of Element Solutions stock opened at $22.71 on Thursday. The company has a market capitalization of $5.51 billion, a PE ratio of 22.26, a P/E/G ratio of 2.30 and a beta of 1.29. The company has a 50-day simple moving average of $25.46 and a two-hundred day simple moving average of $26.25. Element Solutions Inc has a one year low of $22.13 and a one year high of $29.78. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.77 and a current ratio of 3.34.

Element Solutions (NYSE:ESI) last posted its earnings results on Tuesday, February 18th. The company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. Element Solutions had a net margin of 9.94% and a return on equity of 14.68%. The company had revenue of $624.20 million during the quarter, compared to analysts’ expectations of $598.24 million. Research analysts expect that Element Solutions Inc will post 1.45 EPS for the current fiscal year.

Element Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.32 annualized dividend and a yield of 1.41%. Element Solutions’s dividend payout ratio (DPR) is 31.37%.

Insider Activity at Element Solutions

In other news, Director Martin E. Franklin sold 2,000,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $26.10, for a total transaction of $52,200,000.00. Following the sale, the director now owns 109,100 shares in the company, valued at approximately $2,847,510. The trade was a 94.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.90% of the stock is currently owned by corporate insiders.

About Element Solutions

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.